The partnership seeks to pave way for an omnichannel payments acceptance platform. Credit: QuinceCreative from Pixabay.

Payments acceptance solutions provider Ingenico has forged an alliance with payment-driven embedded banking platform Premise to offer digital payment tools and financial services to micro merchants in the Philippines.

As part of the partnership, Ingenico is serving as Premise’s preferred certified payment terminal provider and has implemented the AXIUM DX8000.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The Ingenico terminal, which runs on Android platform, is designed to facilitate third-party software integration that helps micro businesses with digital payments.

Premise has also linked its operations with Ingenico’s Payment Platform as a Service (PPaaS), which is a cloud-powered platform to manage and provide improved payment and commerce services effectively to terminals.

Through the latest tie-up, both the companies expect to pave way for an omnichannel payments acceptance platform that combines alternative and cashless payment modes to directly benefit the merchants.

In the Philippines, 65% of the population do not have a bank account, which is one of the highest in the Asia-Pacific (APAC), noted Ingenico.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

According to a recent research, nearly 25 million Filipinos used mobile wallets for online transaction in 2020. The figure indicates a huge exposure for stakeholders to tap this behaviour offline.  

Ingenico senior VP for Asia Pacific Nigel Lee said: “We are proud to partner with Premise and empower the micro-entrepreneurs by equipping them with digital and alternative payment solutions in their businesses.

“It allows them to facilitate their customers’ transition from online payment methods to in-store and become the driving force for cashless inclusion in their community.

“This aligns with Ingenico’s mission to help shape the evolution of commerce worldwide.”

Last week, Ingenico reached a partnership with Live Payments to provide better payment and commerce tools to taxi and retailers in Australia.